Hot Listing
30 yr old High End Appliance Dealer In Kings County, NY (Partnership)
Business Description
Asking Price: $13,999,999 ($4,000,000 is property value)
Annual Figures: 2024
Gross Sales: $15,350,606
Net Profit: $3,473,140
Business Highlights:
- High end appliance dealer
- Located in Kings County, NY
- Business started in 1998
- Building and business for sale for $14,000,000
- Building is worth roughly $4,500,000 (Double lot) 5700 sqft
- Numbers from the P&L's can be confirmed by bank statements
- Sells to residential and commercial customers (75% residential, 25% commercial)
- Appliance sales is 95% of the revenue. Installation is 5% of the revenue
- Has contracts in place with the commercial clients
- 25% of the business comes from GC's (apartments/condos) and property management companies that use them to order appliances
- The manufacturers offer the warranties on the products, not the business
- Seller will stay on to train someone for 6 months or someone can buy in as a partnership
- 14 employees (2 sales, 1 marketing/bookkeeper, 10 drivers/installers, 1 helper) All W-2's
- Owner does sales, customer service, and inventory
- Also has additional 1099 helpers when needed
- There is someone that can step up and be a manager
- Deal can be structured with a full buyout at $14,000,000 or seller is flexible with structuring a partnership because he would like to stay in the business
- Increase in sales from 2023 to 2024 was due to new accounts that were added which should continue for 2025
- Projections for 2025 are $16,000,000 - $18,000,000
- Numbers for 2022 were similar to 2023. $10,500,000 Gross/$2,000,000 net
- Inventory is 200K-250K
- Service radius is the Tristate area (NY, NJ, Connecticut)
- Needs to be a cash and/or private funding with a seller note also involved
- Seller is open to seller financing
- Sellers are very confident in confirming the numbers on the P&L's on-site by bank statements. Tax returns have a high number of large personal purchases in them.
- Reason for the sale: Owners want a partnership to help grow the business. Tons of potential
Annual Figures: 2024
Gross Sales: $15,350,606
Net Profit: $3,473,140
Business Highlights:
- High end appliance dealer
- Located in Kings County, NY
- Business started in 1998
- Building and business for sale for $14,000,000
- Building is worth roughly $4,500,000 (Double lot) 5700 sqft
- Numbers from the P&L's can be confirmed by bank statements
- Sells to residential and commercial customers (75% residential, 25% commercial)
- Appliance sales is 95% of the revenue. Installation is 5% of the revenue
- Has contracts in place with the commercial clients
- 25% of the business comes from GC's (apartments/condos) and property management companies that use them to order appliances
- The manufacturers offer the warranties on the products, not the business
- Seller will stay on to train someone for 6 months or someone can buy in as a partnership
- 14 employees (2 sales, 1 marketing/bookkeeper, 10 drivers/installers, 1 helper) All W-2's
- Owner does sales, customer service, and inventory
- Also has additional 1099 helpers when needed
- There is someone that can step up and be a manager
- Deal can be structured with a full buyout at $14,000,000 or seller is flexible with structuring a partnership because he would like to stay in the business
- Increase in sales from 2023 to 2024 was due to new accounts that were added which should continue for 2025
- Projections for 2025 are $16,000,000 - $18,000,000
- Numbers for 2022 were similar to 2023. $10,500,000 Gross/$2,000,000 net
- Inventory is 200K-250K
- Service radius is the Tristate area (NY, NJ, Connecticut)
- Needs to be a cash and/or private funding with a seller note also involved
- Seller is open to seller financing
- Sellers are very confident in confirming the numbers on the P&L's on-site by bank statements. Tax returns have a high number of large personal purchases in them.
- Reason for the sale: Owners want a partnership to help grow the business. Tons of potential
About the Business
- Years in Operation
- 27
- Employees
- 14
- Facilities & Assets
- Nice showroom in a busy area but most of the business comes in from calls and online.
- Market Outlook / Competition
- It is hard to get in this space. The vendors that they buy from are not letting other businesses like this sell their appliances. Similar to a grandfathered in situation.
- Opportunities for Growth
- Seller thinks this can easily be a 50 mil - 100 mil business by bringing in more commercial clients. He just needs more working capital and to order a bulk of the appliances in advance.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 5,700
About the Sale
- Seller Motivation
- Open to partnership or full buyout
- Transition Support
- Sellers can stay on for a partnership and grow the business or a full buyout and help transition. Seller is also willing to sell the business completely and come back and work as a salary employee. He really enjoys the business and is a very hard worker.
- Financing Options
- Negotiable
Listing Info
- ID
- 2357124
- Listing Views
- 1395
Listing ID: 2357124 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNew York Businesses for SaleNew York Wholesale & Distribution Businesses for SaleNew York Wholesale & Distributors Businesses for Sale
Similar Listings
